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Bitcoin—along with other major cryptocurrencies ethereum, solana and XRP—has swung wildly over the last week as traders brace for a major BlackRock bitcoin exchange-traded fund (ETF) earthquake.
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The bitcoin price and the wider crypto market were caught up in a huge stock market sell-off this week as traders panic about global interest rates—with Coinbase warning of further pain to come.
Now, after former U.S. president Donald Trump floated the possibility of paying off the U.S. spiraling $35 trillion debt with bitcoin, two of Trump's sons have teased a major crypto announcement.